BEIJING: China Communications Construction Co Ltd (CCCC) intends to make Kuala Lumpur its hub for the Asean region as the port and construction group expands its footprint here.“We will set up our regional centre in Kuala Lumpur,” CCCC vice-president Peng Dapeng told reporters at the group’s headquarters in Beijing.He said the group was building the “CCCC tower”, a commercial building in the Tun Razak Exchange (TRX).“We have acquired the land. As you can see, the contract value we have in Malaysia is the highest among other Asean countries. Currently, we have more than US$16bil (RM67.27bil) worth of on-going contracts in hand. The remaining 20% is held by WCT Land Sdn Bhd.The land was then earmarked for the construction of a proposed tower block of high-end serviced apartments with a GDV of about RM1.1bil. WCT Holdings Bhd ’s unit WCT Bhd was given the letter of award by 1MDBRE contract to undertake the construction.

Source: The Star September 25, 2017 14:00 UTC